Common use of Payment in case of reduced offtake Clause in Contracts

Payment in case of reduced offtake. The RPD and the Buying Entity shall follow the forecasting and scheduling process as per the regulations in this regard by the Appropriate Commission. In case the Project is available to supply power but the off-take of power is not done by the Buying Entity, including non-dispatch of power due to non-compliance with “Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 notified by the Ministry of Power vide Gazette notification dated 3rd June 2022” and any clarifications or amendment thereto, considering the principle of ‘must run’ status for RE Power the RPD shall be eligible for payment from the Buying Entity, corresponding to the reduced offtake, in terms of following manner. Grid unavailability beyond 175 hours in a year, as defined in the PPA Generation Compensation = ((Applicable Tariff x RE power (MW) offered but not scheduled by the Buying Entity) X 1000 X No. of hours of Reduced Off-take However, in case of third-party sale or sale in the power exchange, as price taker, the 95% of the amount realized, after deducting expenses, shall be adjusted against the Generation compensation payable, on monthly basis.

Payment in case of reduced offtake. The RPD and the Buying Entity shall follow the forecasting and scheduling process as per the regulations in this regard by the Appropriate Commission. In case the Project is available to supply power but the off-off- take of power is not done by the Buying Entity, including non-dispatch of power due to non-compliance with “Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 notified by the Ministry of Power vide Gazette notification dated 3rd June 2022” and any clarifications or amendment thereto, considering the principle of ‘must run’ status for RE Power Power, the RPD shall be eligible for payment from the Buying Entity, corresponding to the reduced offtake, in terms of following manner. Grid unavailability beyond 175 hours in a yearContract Year, as defined in the SECI- RPD PPA Generation Compensation = ((Applicable Tariff x RE power (MW) offered but not scheduled by the Buying Entity) X 1000 X No. of hours of Reduced Off-take Offtake However, in case of third-party sale or sale in the power exchange, as price taker, the 95% of the amount realized, after deducting expenses, shall be adjusted against the Generation compensation payable, on monthly basis. Tariff shall be the Applicable Tariff as per Article 9 of the PPA. The above compensation will be paid to the RPD on an annual basis. For claiming either of the above two compensations, the RPD must sell their power in the power exchange as a price taker. Thus, the compensation would be limited to the difference of the actual generation up to declared capacity subject to a maximum of up to the Contracted Capacity and the quantum of power scheduled by the Buying Entity.

Payment in case of reduced offtake. The RPD and the Buying Entity shall follow the forecasting and scheduling process as per the regulations in this regard by the Appropriate Commission. In case the Project is available to supply power but the off-take of power is not done by the Buying Entity, including non-dispatch of power due to non-compliance with “Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 notified by the Ministry of Power vide Gazette notification dated 3rd June 2022” and any clarifications or amendment thereto, considering the principle of ‘must run’ status for RE Power the RPD shall be eligible for payment from the Buying Entity, corresponding to the reduced offtake, in terms of following manner. Grid unavailability beyond 175 hours in a year, Contract year (as defined in the PPA Article 1) Generation Compensation = ((Applicable Tariff x RE power (MW) offered but not scheduled by the Buying Entity) X 1000 X No. of hours of Reduced Off-take However, in case of third-party sale or sale in the power exchange, as price taker, the 95% of the amount realized, after deducting expenses, shall be adjusted against the Generation compensation payable, on monthly basis.